Exclusive: UK targets sale of half its RBS stake in two years – sources
LONDON (Reuters) – Britain is planning to sell half its stake in Royal Bank of Scotland , worth 16 billion pounds ($25 billion), within two years of a possible first sale in September, according to people with knowledge of government thinking.
China’s economy shows ‘positive changes’: statistics bureau
BEIJING (Reuters) – China’s economy is showing some positive changes as recent government measures gradually gain traction, but policymakers cannot lower their guard against headwinds crimping growth, the National Bureau of Statistics said on Monday.
U.S. futures fall as Greece uncertainty continues
(Reuters) – U.S. stock index futures fell on Monday after Greece rejected debt bailout terms, throwing the future of the country’s euro zone membership into further doubt.
Philip Morris to cut stake in Indonesian unit, could raise over $1 billion
JAKARTA/SINGAPORE (Reuters) – U.S. cigarette giant Philip Morris International Inc plans to sell a stake worth at least $1 billion in Indonesian unit PT HM Sampoerna Tbk to comply with free-float rules, two people familiar with the matter said on Monda…
Stocks, euro fall but no rout after Greek ‘No’
LONDON (Reuters) – Shares fell, the euro stumbled and yields on weaker euro zone economies’ bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.
GM China auto sales flat in June despite broad price cuts
BEIJING (Reuters) – General Motors Co vehicle sales in China were roughly flat for June as broad price cuts introduced earlier in the year failed to boost demand.
New Honda CEO says no plans to help air bag firm Takata fund global recalls
TOKYO (Reuters) – Honda Motor Co’s new chief executive said the Japanese automaker has no plans for now to provide financial aid to Takata Corp , the air bag supplier at the center of a costly global safety recall that has dented Honda’s public image a…
China June inflation seen edging up to 1.3 percent year-on-year but still sluggish
BEIJING (Reuters) – China’s consumer inflation likely edged up in June as food prices steadied, while producer prices extended their decline well into a fourth year, reinforcing expectations that more support measures are needed to revive sluggish dema…
China state media see a ‘rainbow’ after latest steps to stabilize slumping stocks
SHANGHAI (Reuters) – China’s state media expressed confidence on Monday that an unprecedented flurry of support measures announced over the weekend would stabilize the country’s slumping stock market.
Japan policymakers pledge to temper potential market volatility after Greek upset
TOKYO (Reuters) – Japanese policymakers on Monday pledged to work closely to guard against financial market volatility after Greek voters rejected euro zone austerity measures.
